Benefits of a Home Buyer Warranty
A home buyer warranty can provide numerous benefits to homeowners, including:
- Protection against costly repairs and replacements
- Cancellation or transfer of the warranty if you sell your property
- Peace of mind knowing that you're covered in case of unexpected expenses
- Increased negotiating power during home buying or selling processes
A typical home buyer warranty includes coverage for major systems and appliances, such as HVAC, plumbing, electrical, and roofing. It also covers replacement parts, labor, and travel expenses if the system fails due to manufacturing defects or age.
- Most warranties cover repairs for at least 10 years or until the property is sold
- The warranty typically covers only new and unused systems and appliances
- Warranties may not cover minor issues, such as leaks or small damage
"Who Can Buy a Home Warranty?"
A home buyer warranty can be purchased from various sources, including:
- Homes and Lifestyles
- HomeServe America
- Other manufacturers of home appliance products